Credibility without Rules? Monetary Frameworks in the Post-Bretton Woods Era
This paper is the story of the search for a better trade-off between flexibility and credibility undertaken by authorities around the world in the last 25 years. It provides detailed information on how monetary frameworks - that is the set of announced rules and institutions affecting monetary policy - evolved in 100 countries, examining the forces that molded such evolution and focusing on how developments in economic theory affected the choices of policy-makers.
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|Date of creation:||1997|
|Date of revision:|
|Contact details of provider:|| Postal: Banca d'Italia-Servizio Studi-Divisione Biblioteca e Pubblicazioni - Via N azionale, 91 -00184 Rome, Italy.|
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